Ala. Credit Union announces merger

Wednesday

Feb 6, 2013 at 12:01 AM

Milestone Credit Union has merged with Alabama Credit Union. The merger increases Tuscaloosa-based Alabama Credit Union’s assets by more than $20 million.Milestone Credit Union was formerly the Birmingham Post Office Credit Union.“We’re honored to have been chosen as a merger partner with Milestone Credit Union, the oldest credit union in Alabama,” said Steve Swofford, president of Alabama Credit Union. “The partnership will benefit both memberships in so many ways.” Alabama Credit Union now is operating Milestone’s two branches — one in Fultondale and the other inside the main Birmingham Post Office — and has retained the staff.Alabama Credit Union has assets of $550 million, and more than 50,800 members with 24 offices in the state.

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